Vedanta Expects Divestment of Steel Assets by October
Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of the current financial year, amid a focus on deleveraging and shoring up the cash flow of the company. Jun 30, 2024 Vedanta Limited expects to monetize its steel and steel raw materials business in the first half of […]
Vedanta Announced Demerger of Diversified Businesses, Forms 6 Separate Listed Companies
Vedanta Limited announced a demerger of diversified businesses unlocking significant value to create world-class sector-leading companies driving the next phase of growth. The demerger will result in six separate listed companies. Sep 29, 2023 Recently, Vedanta Limited announced a demerger that will help the company capitalize on India and the world’s growing demand for commodities, […]
Vedanta Retreating from Steel Business, Plans To Sell Electrosteel
In 2018, Vedanta beat Tata Steel to take over Electrosteel at INR 5,320 crore. December 2, 2022 Vedanta Group has planned to exit the steel business. This move comes almost four years after the group decided to make big in the segment. As per a news report, Vedanta is planning to sell Electrosteel and focus […]
Cairn Oil & Gas Bags Production Sharing Contract for Rajasthan Block
Cairn Oil & Gas recently won eight oil blocks and one coal-bed methane block under the DSF Round III bids, which now makes the company’s total assets in the country to 62. November 5, 2022 Cairn Oil & Gas, a Vedanta Ltd. unit, has won consent from the government to extend the Production Sharing Contract […]
